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Author Topic: PRCDice.eu - Largest Dice invest site - Open since 2013! Chat, Play, Invest!  (Read 88867 times)
PocketRocketsCasino
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December 24, 2014, 04:54:51 PM
 #1361

Hi guys.
Giving away 0.005 Bitcoin in rain every minute in the chat as a little Christmas bonus while you wait on PRCDice 2 coming out.

Come on and get free coin and have fun Smiley


This is an impressive and generous promotion.  I hope it works out for you.

Echoing yoloer, is there a firm ETA for PRC 2.0 that this is leading up to?

I am hoping before the end of this year. Got a few more things to sort out with designer and a few more things to test.

I'll be doing some pretty unique promos for it too. I'll post more in here soon.

Thanks
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December 25, 2014, 06:18:04 AM
 #1362

I personally think PRC2 looks like a copy of coinichiwa.com . Now I understand why people hate dean so much. Good luck with your site dean.



zoom in...

enhance...



"probably fair"

lol Smiley

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   1% House Edge
PocketRocketsCasino
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December 25, 2014, 09:09:41 AM
 #1363

I personally think PRC2 looks like a copy of coinichiwa.com . Now I understand why people hate dean so much. Good luck with your site dean.



zoom in...

enhance...



"probably fair"

lol Smiley

Yeah we had a good laugh about that in chat lol.
I can assure you it's only a typo on the design though Wink
yoloer808
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December 25, 2014, 09:26:59 AM
 #1364

Yeah we had a good laugh about that in chat lol.
I can assure you it's only a typo on the design though Wink

is the new site still running on .NET?
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December 25, 2014, 10:02:29 AM
 #1365

I personally think PRC2 looks like a copy of coinichiwa.com . Now I understand why people hate dean so much. Good luck with your site dean.



zoom in...

enhance...



"probably fair"

lol Smiley

Yeah we had a good laugh about that in chat lol.
I can assure you it's only a typo on the design though Wink



lol Cheesy
I doubt it dean.
Anyways




Wheres my promised bounty Dean?

russianptr
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December 29, 2014, 10:39:12 AM
 #1366

waiting for prcdice 2 here!!!

bring it on  Wink

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December 29, 2014, 11:09:38 AM
 #1367




zoom in...

enhance...



"probably fair"

lol Smiley



There are many PROBABLY FAIR sites , especially licenced casinos.

BJay87
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December 29, 2014, 12:15:19 PM
 #1368




zoom in...

enhance...



"probably fair"

lol Smiley



There are many PROBABLY FAIR sites , especially licenced casinos.

Somebody didnt do research here..

PocketRocketsCasino
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December 29, 2014, 12:19:07 PM
 #1369




zoom in...

enhance...



"probably fair"

lol Smiley



There are many PROBABLY FAIR sites , especially licenced casinos.

Somebody didnt do research here..

It was just a designer mocking up a NEW design. It's quite an easy typo considering V and B are right next t each other on the keyboard.
We did all laugh about it in the chat room though.
The site is provably fair.
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December 29, 2014, 12:49:36 PM
 #1370


Noob question regarding "x Kelly" investment options. How does it really work? There's a 'more info' on the test site (in invest window) but nothing there yet.

I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
b) 1 BTC invested on 10x kelly

Let's ignore all the operator commission for easier calculation.


Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?


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PocketRocketsCasino
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December 29, 2014, 12:56:27 PM
 #1371


Noob question regarding "x Kelly" investment options. How does it really work? There's a 'more info' on the test site (in invest window) but nothing there yet.

I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
b) 1 BTC invested on 10x kelly

Let's ignore all the operator commission for easier calculation.


Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?



I'll follow up on this asap so to help explain it better. Just sorting a few other things at the moment...
Clint
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December 29, 2014, 01:08:04 PM
 #1372


Noob question regarding "x Kelly" investment options. How does it really work? There's a 'more info' on the test site (in invest window) but nothing there yet.

I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
b) 1 BTC invested on 10x kelly

Let's ignore all the operator commission for easier calculation.


Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?



I'll follow up on this asap so to help explain it better. Just sorting a few other things at the moment...

any ETA on v2?  Huh

PocketRocketsCasino
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December 29, 2014, 01:30:21 PM
 #1373


Noob question regarding "x Kelly" investment options. How does it really work? There's a 'more info' on the test site (in invest window) but nothing there yet.

I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
b) 1 BTC invested on 10x kelly

Let's ignore all the operator commission for easier calculation.


Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?



The leveraged kelly option is really to reduce counter party risk for investors.
Example, say you want to invest 10 Bitcoin at the normal risk of 1/2 kelly but don't want to have the risk of a site operator holding on to all your Bitcoin. You could instead deposit 0.5 Bitcoin and invest at 10x kelly.

This puts more of your investment at risk each bet and you may need to redeposit and top up your investment account frequently due to the variance of the game. So really you should have the coins in your own cold wallet to back up the desired investment total. Obviously some people may just want to gamble and risk their full 10 Bitcoin at 10x to try and maximise profit. This is not recommended though.

The maximum payout of the site is calculated by taking the sum of all the investments * risk * 0.01.

So imagine we had user A with 10 Bitcoins invested at 1/2 kelly, B with 10 at 5x and C with 10 at 10x.
The max payout would be:

(10*0.5*0.01) + (10*5*0.01) + (10*10*0.01) = 1.55 Bitcoin

The higher your risk the more you stand to win or lose each bet.

So each bet your investment will be updated like so:
i = i + ((-p * i * r * 0.01) / m)

Where:
p = the players profit for that bet
i = the amount you have invested
r = your risk
m = the current max payout

In the above example lets say a player bets 1 Bitcoin and wins.

The current investments would then be:

iA = 10 + ((-1 * 10 * 0.5 * 0.01 )/1.55) = 9.96774193
iB = 10 + ((-1 * 10 * 5 * 0.01 )/1.55) = 9.67741935
iC = 10 + ((-1 * 10 * 10 * 0.01 )/1.55) = 9.35483870

Max payout on the next bet would then be:

(9.9677*0.5*0.01) + (9.6774*5*0.01) + (9.3548*10*0.01) = 1.46919354

Again, you should only really be using this to reduce counter party risk and actually have the funds in your own cold wallet to replenish your investment as often as needed.

Feel free to test it out at https://test.prcdice.eu (note you will get a certificate warning but it is safe (I can think of a better site I could be malicious on) and is due to just using a self signed certificate on the test site. Obviously live site won't be like this.






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December 29, 2014, 02:23:15 PM
 #1374

Thanks for explanation.

So, if I got this right, as per my example "a) 0.25 kelly":

Quote
I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
...

Let's ignore all the operator commission for easier calculation.

Assuming that all the other investments (99 BTC) are on 1x kelly, then:

a) 0.25 kelly
Max payout: (BTC99*1*0.01) + (BTC1*0.25*0.01)= BTC0.9925

Player wins BTC1:
BTC1 + ((-1 * BTC1 * 0.25 * 0.01 )/0.9925)= BTC0.99748110

Player loses BTC1:
BTC1 + ((1 * BTC1 * 0.25 * 0.01 )/0.9925)= BTC1.00251889


Quote
Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?

^ So the above split won't make sense, as the results would be the same as with BTC1 on 1x kelly.

But you can still mix it up, say you want more than x2 but x5 is too much of a risk, and you want something around x3. So you can split it proportionally, put some on x2 and some on x5.

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PocketRocketsCasino
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December 29, 2014, 02:33:02 PM
 #1375

Thanks for explanation.

So, if I got this right, as per my example "a) 0.25 kelly":

Quote
I know 1/4 kelly is the least risky and 10x kelly the most risky, but how does it work in practice? What happens in the scenario:

Bankroll is 100 BTC, I have 1 BTC invested, player wins/loses 1 BTC. What's my profit/loss if:

a) I have 1 BTC invested on 1/4 kelly
...

Let's ignore all the operator commission for easier calculation.

Assuming that all the other investments (99 BTC) are on 1x kelly, then:

a) 0.25 kelly
Max payout: (BTC99*1*0.01) + (BTC1*0.25*0.01)= BTC0.9925

Player wins BTC1:
BTC1 + ((-1 * BTC1 * 0.25 * 0.01 )/0.9925)= BTC0.99748110

Player loses BTC1:
BTC1 + ((1 * BTC1 * 0.25 * 0.01 )/0.9925)= BTC1.00251889


Quote
Also, does it make any sense to spread the investment, say 0.5 BTC on 1/2 kelly and 0.5 on 2x kelly, or is it perfectly the same as investing 1 BTC on 1x kelly?

^ So the above split won't make sense, as the results would be the same as with BTC1 on 1x kelly.

But you can still mix it up, say you want more than x2 but x5 is too much of a risk, and you want something around x3. So you can split it proportionally, put some on x2 and some on x5.


Your example of 0.25 kelly investment is correct yeah.

I don't think there is a good reason to have it split except maybe your example with wanting 3x or an option that isn't available.
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January 01, 2015, 10:11:16 AM
 #1376

IF THESE BITCOIN INVESTMENTS SCHEMES DONT OFFER LEVERAGE THEN YOU RISK ALL YOUR BTC BEING STOLEN.

DEMAND IT!
Roll Eyes
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January 01, 2015, 10:29:50 AM
 #1377

A question to investors: how long does it take to reach a ROI? I know there isn't a fixed percentage in these kind of investments, but I just would like to know the average time for ROI, if it could be a good way to invest my money.

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January 01, 2015, 10:52:06 AM
 #1378

A question to investors: how long does it take to reach a ROI? I know there isn't a fixed percentage in these kind of investments, but I just would like to know the average time for ROI, if it could be a good way to invest my money.

You can never know. Its the night a gambler loses money to the site, and its like asking when will that night happen .
The site's been profit dead for the last 1 month.  Apart from what AK lost around 2 months back, there hasn't been enough action. Also the site owner has a negative trust so you might want to look at other options.

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January 01, 2015, 10:56:27 AM
 #1379

A question to investors: how long does it take to reach a ROI? I know there isn't a fixed percentage in these kind of investments, but I just would like to know the average time for ROI, if it could be a good way to invest my money.

You can never know. Its the night a gambler loses money to the site, and its like asking when will that night happen .
The site's been profit dead for the last 1 month.  Apart from what AK lost around 2 months back, there hasn't been enough action. Also the site owner has a negative trust so you might want to look at other options.


Thank you finnile for your quick and frank reply... I'll look for other options.

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January 01, 2015, 12:06:19 PM
 #1380

good luck dean on prcdice 2.0 looks good so far.
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